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Getting climate, energy & environment news right.

Peter Thiel’s VC fund backs TreeCard, a fintech that plants trees when you spend

Ryan Browne of CNBC reports that TreeCard has raised $23 million.

The C3 Take
  • TreeCard uses 80% of its profits from transaction fees to plant trees through a partnership with Ecosia.
  • Since its founding in October of 2020 TreeCard has planted more than 200,000 trees.
  • The platform is currently only available in the U.S., but plans to launch in Europe soon.
  • Private sector leadership is creating a cleaner future.

“The deal underscores increased interest by VC investors in companies addressing climate change. Funding for climate tech startups hit a record $111 billion in 2021, according to a report from U.K. startup network Tech Nation.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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